Asian Equities Rally on Fed Easing Bets; Crypto Markets Watch for Spillover Effects
Asian stocks surged Thursday as Wall Street's tech-led gains and growing expectations for U.S. rate cuts fueled risk appetite. Japan's Topix hit a record high while Taiwan's benchmark index jumped 2.6%, though the article contained no direct cryptocurrency references.
Market participants largely shrugged off geopolitical tensions and Trump's latest tariff threats, focusing instead on central bank policy trajectories. The Bank of England's impending decision drew particular attention, with analysts anticipating a quarter-point cut.